Answer:
Value of tax liability will be zero
Step-by-step explanation:
Given:
Total estate value = $2,186,000
Estate tax = 40 %
Find:
Heir's tax liability = ?
Computation:
Total taxable estate = Total estate value - Estate Exemption
Note: According to Exhibit 19-6 for Estate Exemption, Estate Exemption is 11.4 million.
We know that Estate Exemption is higher than total estate value, therefore will be no tax liability on the successor, so the value of tax liability will be zero.
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Let's examine the problem carefully.
You are given that each glass can contain 1/8 of a liter and that you have 3/4 of a liter of chocolate milk that is to be distributed to these glasses. When you analyze it you'll see that you are just asked to
divide your chocolate milk to the glasses, pouring each one to the brim (1/8 liter), and counting how many glasses you've filled.
Through basic division of fractions we'll get:
ANSWER: Anna can therefore pour chocolate milk into 6 glasses.